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Which Brands gain Share from which Brands? Inference from Store-Level Scanner Data

Oest, Rutger van; Franses, Philip Hans - Tinbergen Institute - 2003

Market share models for weekly store-level data are useful to understand competitive structures by delivering own and cross price elasticities. These models can however not be used to examine which brands lose share to which brands during a specific period of time. It is for this purpose that we...

Persistent link: https://www.econbiz.de/10005137001

A Real Options Perspective on R&D Portfolio Diversification

Bekkum, Sjoerd van; Pennings, Enrico; Smit, Han - Tinbergen Institute - 2007

This paper shows that the presence of conditional staging in R&D (Research & Development) has a critical impact on portfolio risk, and changes diversification arguments when a portfolio is constructed. When R&D projects exhibit option-like characteristics, correlation between projects plays a...

Persistent link: https://www.econbiz.de/10005016277

The Political Economy of Dominant Investors

Perotti, Enrico C.; Thadden, Ernst-Ludwig von - Tinbergen Institute - 2004

We allow the preference of a political majority to determine both the corporate governance structure and the division of profits between human and financial capital. In a democratic society where financial wealth is concentrated, a political majority may prefer to restrain governance by...

Persistent link: https://www.econbiz.de/10005137317

An Analysis of the Effects of the Severance Payment Reform on Credit to Italian SMEs

Calcagno, Riccardo; Kraeussl, Roman; Monticone, Chiara - Tinbergen Institute - 2008

We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the long run the amount of liquid assets available to...

Persistent link: https://www.econbiz.de/10005450759

Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries

Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - Tinbergen Institute - 2004

In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. We rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The...

Persistent link: https://www.econbiz.de/10005136875

Cost Reducing Investment, Competition and Industry Dynamics

Petrakis, Emmanuel; Roy, Santanu - Tinbergen Institute - 1998

We demonstrate the possibility of shake-out of firms and emergence of inter-firm heterogeneity along the (socially optimal) dynamic equilibrium path of a competitive industry with free entry and exit, even when there is no uncertainty and all firms are ex ante identical with perfect foresight....

Persistent link: https://www.econbiz.de/10005137062

Markov-Perfect Nash Equilibria in Models with a Single Capital Stock

Dockner, Engelbert J.; Wagener, Florian O.O. - Tinbergen Institute - 2006

Many economic problems can be formulated as dynamic games in which strategically interacting agents choose actions that determine the current and future levels of a single capital stock. We study necessary conditions that allow us to characterize Markov perfect Nash equilibria (MPNE) for these...

Persistent link: https://www.econbiz.de/10005144483

The Value of Human and Social Capital Investments for the Business Performance of Start-ups

Bosma, Niels; Praag, Mirjam van; Thurik, Roy; Wit, Gerrit de - Tinbergen Institute - 2002

We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...

Persistent link: https://www.econbiz.de/10005450787

Entrepreneurial Progress: Climbing The Entrepreneurial Ladder in Europe and The US

Zwan, Peter van der; Verheul, Ingrid; Thurik, Roy; … - Tinbergen Institute - 2009

We investigate which countries have the highest potential to achieve entrepreneurial progress. This progress is defined using an entrepreneurial ladder with five successive steps: “never thought about starting a business”, “thinking about starting a business”, “taking steps to start a...

Persistent link: https://www.econbiz.de/10004987445

The Impact of Female Sex Hormones on Competitiveness

Buser, Thomas - Tinbergen Institute - 2009

contraceptives to determine the importance of sex hormones in explaining gender differences in competitiveness. Participants in a … of progesterone on competitiveness and our results therefore provide a partial biological explanation for gender … differences in competitiveness. We consider three possible indirect pathways through which sex hormones could affect …

Persistent link: https://www.econbiz.de/10008531431

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